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Re: [6pack] vintage car market

To: samuelsma@aol.com
Subject: Re: [6pack] vintage car market
From: Robert Lang <lang@isis.mit.edu>
Date: Tue, 29 Jul 2008 13:42:03 -0400 (EDT)
Hi,

You ask: has the car market gotten soft? As of 6 months ago, pundits would 
have you believe that things are as strong as ever. But, and not unlike 
the "downturn" in the late 80's, the dominos eventually did fall. I have a 
hunch that with free and easy cash drying up at the very least the prices 
will fall back some (obviously depending on the car in question) and that 
may have already started.

Bottom line: thank the Gods that you don't have $1m in your car because 
with the exception of the truely rare automobile, those cars will lose $$$ 
while the economy shales out.

Me - I never think of cars as an investment. I think of them as FUN. Of 
course I never sell them either, they usually go away on the end of the 
hook or to the shredder... but that's another conversation.

rml
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